#CryptoFees101 What are you really paying in crypto? 💸

When you buy or sell cryptocurrency, the costs do not end with the coin's price. There are several types of fees to be aware of:

1️⃣ Trading fees — exchanges (like Binance or WhiteBIT) take a small % for each transaction. The larger the volume, the smaller % you can get.

2️⃣ Network fee (gas fee) — payment to miners for processing transactions. For example, in Ethereum, it can be expensive during periods of high load.

3️⃣ Withdrawal fee — a separate fee for transferring to another wallet or exchange.

4️⃣ Hidden fees — for example, when converting in smaller pairs, the rate may be less favorable.

🎯 Tip: always check the fee structure before a transaction and use exchanges with transparent conditions.

Knowing what you are paying for — allows you to control more and earn smarter.